education, large enough to call for very extensive national aid. Honor has thus far been rendered to the good cause by a public attestation, and that is well: but no direct promotion has been given to that cause, no impulse communicated to its progress, such that it can be held out as a result commensurate to the name and pretensions of a university. As yet there is nothing accomplished which is beyond the strength of any little commercial town. And as to the library in particular, besides that in all essential departments it might be bought, to order, by one day's common subscription of Liverpool or Glasgow merchants, students very rarely indeed have admission to its free use. What other functions remain to a university? For those which I have mentioned of furnishing a point of rendezvous to the great body of professors and students, and a point of concentration to the different establishments of implements and machinery for elaborate researches [as, for instance, of books and MSS., in the first place; secondly, of maps, charts, and globes; and, thirdly, perhaps of the costly apparatus required for such studies as Sideral astronomy, galvanic chemistry or physiology, &c.]; all these are uses which cannot be regarded in a higher light than as conveniences merely incidental and collateral to the main views of the founders. There are, then, two much loftier and more commanding ends met by the idea and constitution of such institutions, and which first rise to a rank of dignity sufficient to occupy the views of a legislator, or to warrant a national interest. These ends are involved: 1st, in the practice of conferring _degrees_, that is, formal attestations and guarantees of competence to give advice, instruction, or aid, in the three great branches of liberal knowledge applicable to human life; 2d, in that appropriation of fixed funds to fixed professorships, by means of which the uninterrupted succession of public and authorized teachers is sustained in all the higher branches of knowledge, from generation to generation, and from century to century. By the latter result it is secured that the great well-heads of liberal knowledge and of severe science shall never grow dry. By the former it is secured that this unfailing fountain shall be continually applied to the production and to the _tasting_ of fresh labors in endless succession for the public service, and thus, in effect, that the great national fountain shall not be a stagnant reservoir, but, by an endless _derivation_ (to speak in a Roman metaphor!), applied to a system of national irrigation. These are the two great functions and qualifications of a collegiate incorporation: one providing to each separate generation its own separate rights of heirship to all the knowledge accumulated by its predecessors, and converting a mere casual life-annuity into an estate of inheritance--a mere fleeting _agonisma_ into a _ktæma es æi_; the